Key Quantitative Figures
The Executive Committee of the Board of Directors approved providing a corporate guarantee for an amount not exceeding ₹75,00,00,000 (Rupees Seventy-Five Crore Only).
Dates of Action
The Executive Committee meeting was held on June 17, 2026, commencing at 06:00 PM and concluding at 06:35 PM.
Parties Involved
- Guarantor: Abans Financial Services Limited
- Beneficiary: ICICI Bank Limited
- Principal Borrower: Abans Broking Services Private Limited (material step-down subsidiary of the company)
Purpose and Rationale
The corporate guarantee is being provided on behalf of Abans Broking Services Private Limited in connection with working capital facilities to be availed by the subsidiary from ICICI Bank Limited.
Transaction Details
The guarantee will be governed by the terms and conditions contained in the Master Facility Agreement, Credit Arrangement Letters, and/or other documents executed between the parties. The aggregate amount shall not exceed ₹75 crore and is meant to secure due repayment and performance of the borrower's obligations under the facilities.
Relationship Disclosure
Abans Broking Services Private Limited is a material step-down subsidiary of the company. The promoter/promoter group/group companies have an interest in this transaction as ABSPL is a group company. The transaction is confirmed to be at arm's length.
Financial Impact
The corporate guarantee issued will be recorded as a contingent liability in the books of the company.
Additional Information
The disclosure has been uploaded on the company's website at www.abansfinserv.com.